Hainan Airlines 737-800. Photo: By Rob Finlayson.
Hainan Airlines said it expects to report 2010 net income of more than CNY2.01 billion ($306 million), a sixfold increase over a CNY335 million net profit reported for 2009 (ATW Daily News, April 26, 2010).
 
The Haikou-based carrier credited "rapid growth of market demand stimulated by the global economic recovery and robust domestic economic growth," favorable government policy that aims to build Hainan as a vacation destination and increase operating efficiency.
 
Owing in large part to surging domestic growth, Chinese carriers earned a collective net profit of CNY35.1 billion ($5.28 billion) in 2010, according to CAAC (ATW Daily News, Jan. 12).
 

SOURCE: atwonline.com
 

Editorial Message 
This site contains materials from other clearly stated media sources for the purpose of discussion stimulation and content enrichment among our members only. 

whatsonsanya.com does not necessarily endorse their views or the accuracy of their content. For copyright infringement issues please contact editor@whatsonsanya.com